Offering Net-30 Terms? Will Your Client Pay on Time?

One of the many challenges that small business owners face is having to offer net-30 to net-60 payment terms to clients. While offering net-30 terms can help you increase sales, it also exposes your business to credit risk. Basically, your company could run into cash flow problems if your client pays late, or worse, doesn’t pay […]

How to Get Business Financing if You Have Bad Credit

Most entrepreneurs would agree that getting business financing is pretty difficult. However, trying to get business financing if one has bad credit is often nearly impossible. Part of the problem is that entrepreneurs often have unrealistic expectations, follow the wrong tactics, and look for funding in the wrong places. In this article, I discuss some options to help […]

Five Options for Companies that are Running Low on Cash

Running out of money is a common problem for startups and many small businesses. It’s one of the worst things that can happen to a business owner. Without money, you can’t pay salaries, vendors, or any bills. Unless you fix the problem quickly, you could go out of business. One of the greatest misconceptions about cash […]

How to Ask Friends to Invest in Your Business

I have always believed that the best way to finance a business is through self-financing. It has a number of advantages, if you can afford it. The most important one is that you have complete freedom to run your business as you see fit. You don’t owe anything to anyone. As a matter of that, […]

How I Financed My Startup

I have started writing posts about my experiences launching Commercial Capital LLC, my factoring company. My last post covered how I changed industries to launch the company. In this post, I am going to tell you how I financed the company. By the way, this is not a tale of interminable venture capital pitches or […]

Financing a New Company by Factoring Invoices

Startups that work in the business-to-business space often run into cash flow problems because business clients often pay invoices on net 30 to net 60 days. Few entrepreneurs account for this issue in their financial forecasts – but it can have a real and serious effect. This problem can often affect cash flow when the […]

How To Finance Growth After a Successful Kickstarter Campaign

Let’s assume that you have a great product that you want to launch. It solves a very specific problem, has mass appeal, and is destined for success. If you are like most entrepreneurs nowadays, you will create a crowdfunding campaign to see if your product has traction. Entrepreneurs do this every day through well-known platforms such […]

Should I Ask Friends and Family to Invest in My Business?

Finding the right type of business financing – or any financing, for that matter – is one of the greatest challenges that entrepreneurs face. Unfortunately, a brilliant business plan (or idea) won’t help you much unless you have the money to launch the startup. Asking your friends and family to invest in a business is a […]

Financing Medical Offices, Nursing Homes, and Other Healthcare Businesses

Although companies in the healthcare industry have seen a rise in demand, they have also experienced a rise in financial problems. These problems stem from the fact that most healthcare businesses have a number of immediate expenses. Unfortunately, attending to patients is expensive. The healthcare provider must pay for: Office space or a clinic Day-to-day expenses […]

How Construction Subcontractors Can Finance Their Companies

Most small and midsize construction subcontractors don’t have access to business financing. Sure, they need it and could use it. But it’s simply not an option. The main reason is that most subs are not adequately prepared to meet bank financing requirements – such as providing business plans, balance sheets, forecasts, etc. To complicate matters, most banks […]